News l Secondary Capital

Revolut reached a major milestone after the Prudential Regulation Authority granted the fintech a full UK banking licence, concluding a regulatory process that began with its initial application in 2021. The approval allows Revolut to exit its mobilisation phase and launch a fully licensed entity, Revolut Bank UK Ltd. The company currently serves more than 70M customers across 40 countries, including 13M in the UK, and was recently valued at $75B following a secondary share s

Upgrade, a leading U.S. consumer fintech platform, has strengthened its capital base with an expanded revolving credit facility from Cross River Bank, increasing capacity from $150 million to $250 million. This upsized facility supports continued growth across Upgrade’s diversified suite of consumer credit and banking products, reinforcing strong institutional backing. Founded in 2017 and headquartered in San Francisco, Upgrade has delivered over $42 billion in credit to more

SAP has entered into a definitive agreement to acquire SmartRecruiters, a San Francisco based AI recruiting platform that serves over...

Revolut is cementing its leadership in digital banking and financial innovation. With over 52.5 million users, the company not only...